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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: epicure who wrote (19876)	6/5/1998 6:40:00 PM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 94695

X, fundamentals count TA rides on fundamentals IMHO opinion the trend changed. for example last year every time teh SI sentiment was around 1.4 to 1.6 the market turned around and rallied higher. This time for example for almost a week the SI sentiment was around 1 and no rally. I am not sure if the market anticipated a strong employement report and many went short only to unwind positions or be just in cash. The market dynamics were clear relief and then wen no selling came they squized shorted stocks. DELL intra day will give you a clue, same for SUNW. As to Favors he is hedging all his bets. He is like any other market timer some time it works some time it does not. there was this guy going by TA and the stars who predicted a top in September 97 and then in March well he missed it by a month in both cases and since he does not apear on CNBC. Those are my 2 cents BWDIK Haim

To: epicure who wrote (19876)	6/6/1998 2:57:00 PM
From: Oeconomicus	Read Replies (1) \| Respond to of 94695

X, did you see Favors on CNBC late yesterday? He was talking about a "top-to-top" analysis that he thinks may be applicable now. I didn't follow everything he explained as I am not a technician (perhaps someone here who follows Favors can shed more light on it), but the pattern he saw is one that he said usually precedes a major sell-off, giving four prior examples. '38 was one and I think '87 another, but I can't remember the others. Anyway, he said that if the Dow can not take out the May 13 high, invalidating the pattern (I'm not sure of the time frame in which this would need to happen, but I assume that if we take out this weeks low first, his pattern is intact), then ... well, you know how technicians talk. Nothing is certain until it's already happened. Let's just say his prior predictions of more upside this summer (what's his target, 9600?) go out the window. Hope that helped more than it confused. Anyone who listened more closely or follows Favors want to take over? Bob PS: Sorry, if someone else already reported Favors' comments from yesterday, but when I signed on today, there were forty some posts and I haven't read them yet.